Last week’s economic reports included readings on home price growth from S&P Case-Shiller Home Price Indices, data on new home sales, and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also published. Case-Shiller: Home Price Growth Slower, but Prices Aren’t Falling National home prices rose by a seasonally-adjusted annual pace of 19.80 percent in August, which was incrementally lower than July’s … [Read more...]
Thinking About Buying A Waterfront Home? Check Out These Important Tips!
The idea of an idyllic beachfront home is appealing for many people, but there are a number of factors involved in this type of home purchase that should be considered before getting serious. Whether it's a home to live in full time, or a vacation property with investment potential, there are a number of issues to take note of. So, if you're on the fence regarding waterfront property, here are some things you should keep in mind if beach life might be right for you. The Ever-Shifting Shoreline … [Read more...]
After Closing On A New Home: The Top Tasks To Complete
Closing on a new home is exciting and many people view their closing date as the finish line; however, even after closing a new home, there is still a lot that has to happen. What do new homeowners need to do after closing on a new home? Mark The Date Of The First Payment Every homeowner needs to know the first date of the new mortgage payment. They need to get their bank account set up for an automatic draft, or they need to send a physical check by that time. Keep in mind that the first … [Read more...]
Is An Escrow Account Right For You?
When someone is looking at purchasing a home, they usually focus on the purchase price of the home and the potential monthly payment. At the same time, there are other costs that need to be included as well. This includes home insurance and real estate taxes. As a result, many homeowners find themselves asking if they should use an escrow account or not. What do homeowners need to think about and how can they make the right decision? What Is An Escrow Account? First, it is important to define an … [Read more...]
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